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I think that with the implimentation of HBD, this caused the start of Hive becoming very centralised and you can see this in the way that certain people have taken up jobs with an "income" for doing them. Over time, with the tokenomics of HBD, this has skewed things even more. The only way to rectify this would be to burn the DHF and reduce the HBD interest back to 3% or abandon the token altogether.
Quite often I see the DHF being referred to as belonging to the community, this could not be more further from the truth.
I agree with your take as well. HBD changed the system completely and those interest rates are just way too high!
The tokenomics of HBD are some of the worst I have seen on any chain.
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I agree that the interest of HBD should be further reduced. For me, 10% is still very good, as you know it's a pure incentivization and I don't blame those who want to be here for the interest alone. Most people in crypto just want to make profit.
Although I think the DHF is the bigger issue, and that's probably where most of us agree.
Yes, the DHF expense is the largest monthly expense for Hive right now.
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